Independent, data-driven research on U.S. shale capex and well performance

Real-world AFE + actual cost data across 100,000+ wells. Actionable insights for operators, investors, and analysts. Product level revenues/gpt costs for Texas leases. SEC Financials.

🔹 What We Cover

Our research focuses on:

• Capex breakdowns and cost benchmarking by operator, region, and component

• Drilling & completion design trends (lateral length, proppant loading, casing strategy)

• Upstream valuation and strategy

• Product-level revenues

• Vendor costs

• Commentary on general Lower 48 trends/news and discussion of public policy

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Latest Research

Comstock Non-Core Haynesville Valuation and Buyer Outlook

Pillar O&G Quick-Look

Diversified Energy’s $550 Million Canvas Acquisition

Barnett Ramps in the Permian: Tracking the CBP Push

GEP-Williams hits the market

Presidio‑EQV SPAC Merger

El Dorado in Focus

Deeper Returns: Evaluating the Delaware Woodford’s Emerging Economics.

Devon-BPX Breakup

Prairie Operating: Scaling Up in the DJ — A Look at the Bolt-On Strategy

Testing the limits of Utica geology

Isolated Misfire or Learning Curve? Dissecting Bison’s Colorado U-Turns

Can’t Sell It? Drill It. Elevation Turns to IOG in the Central Basin Barnett

“I Don’t Cook, I Don’t Clean”… But I Do Frac that W.A.B.